Tuesday, May 26, 2009

Correction of the pound / dollar may be continued

The British currency is now once again attempted to break above Ofer of $ 1.5940/50, but the bulls once again failed, which provoked a sharp decline in long positions of speculators, an additional reason for which, however, was the deterioration in investor sentiment against the backdrop of fears about possible unpleasant surprises with among European banks. Pound / dollar is rapidly spikiroval from session highs of $ 1.5860, and, after the foot, located below, have been performed, the couple continued to fall, in which she managed to reach bidy in the region of $ 1.5835/30. It bears the offensive so far has been stopped, but attempts to rise above now attract new vendors, and dealers see the risks of continuing a downward correction, noting that the break below $ 1.5830 would open the way to $ 1.5800/05 initially, and then to $ 1.5760/50.

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